News:The Asian Development Bank's "2023 Asian Development Outlook (December Edition)" report released on the 13th raised its forecast for China's economic growth this year.
The report said that as household consumption and public investment boosted China's economic growth in the third quarter, China's economy will grow by 5.2% this year, compared with the previous forecast of 4.9%. Driven by China's economic growth, the report predicts that developing economies in the Asia-Pacific region will grow by 4.9% this year, compared with the previous forecast of 4.7% in September. The Asian Development Bank maintained its growth forecast of 4.8% next year unchanged.
